Global Glass Fiber Foundry Filter Market 2017-2021

Overview of the global glass fiber foundry filter market

According to Technavio's market research report, the global glass fiber foundry filter market will grow at a CAGR of more than 3% during the forecast period. One of the key drivers that will stimulate the growth of the market in the coming years is the growth of the aerospace and defense sector. The aerospace and defense sector increasingly employ non-ferrous metals die casting process along with forging techniques to reduce the weight of an aircraft and increase its fuel efficiency. Various aircraft bodies and corresponding parts are manufactured using aluminum and other lightweight alloys because these metals reduce the weight of the overall aircraft to a great extent. With the rising number of air passengers and the hike in defense budgets in major countries such as the US, the UK, Japan, France, and several Middle Eastern countries, the aerospace and defense industries will witness considerable growth. This will consequently increase the demand for die cast parts and die cast machinery in the production of commercial and defense aircraft and related equipment, which in turn, will boost the growth of the glass fiber foundry filter market.

The emergence of automation in die casting process is one of the major trends responsible for the market's growth during the projected period. The introduction of these industrial robots into the manufacturing process such as die casting will increase the efficiency, enhance the flexibility, and reduce the cycle time. The use of industrial robots in the process enhances the precision in producing the final product and will also help in the mass production of products.

Competitive landscape and key vendors

The glass fiber foundry filter market is moderately fragmented and has the presence of a large international and local players. Local players find it challenging to sustain the competition since the market is highly capital-intensive. Additionally, they also find it difficult to compete against the international vendors in terms of quality, features, and services. The introduction of products with new features and technologies will intensify the level of competition among the market players.

Key vendors in this market are -

• Fibrecn International
• Texers Technical Ceramics
• Shanghai Haiying Insulation Glass Fiber

Other prominent vendors in the market include Asian Foundry Filters, Baoding Ningxin New Material, Industrial Ceramic Products, SELEE Corporation, and Vesuvius.

Segmentation by application and analysis of the glass fiber foundry filter market

• LPDC
• GDC

The low-pressure die casting (LPDC) technique is considered to be a better method of die casting when the production volume is low. It involves moderate tooling costs in comparison to high-pressure die casting (HPDC). LPDC accounted for the maximum market shares during 2016 since it is ideal for fabricating aluminum components that are symmetric around an axis of rotation such as vehicle wheels. The LPDC machinery segment will continue to dominate the glass fiber foundry filter market since it helps in removing feeders and delivers high casting yields.

Segmentation by geography and analysis of the glass fiber foundry filter market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the majority market shares during 2016. The high demand for aluminum die casting from the automotive industry will fuel the market's growth in this region since most of the production of the lightweight automobiles is concentrated in countries such as China, Japan, and India. Additionally, the growing adoption of automation technology in aluminum die casting to achieve enhanced productivity, will also augment the growth prospects of the glass fiber foundry filter market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global glass fiber foundry filter market?
• What are the key market trends impacting the growth of the global glass fiber foundry filter market?
• What are the challenges to market growth?
• Who are the key vendors in the global glass fiber foundry filter market?
• What are the market opportunities and threats faced by the vendors in the global glass fiber foundry filter market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global glass fiber foundry filter market?

Technavio also offers customization on reports based on specific client requirement.

Glass fiber foundry filters are widely used in non-ferrous alloy casting processes such as gravity die casting (GDC), low pressure die casting (LPDC), sand mold casting, and shell mold casting. Technavio's reports for the heavy industries sector also cover related segments, such as the engineering tools and the tools and components sector. With an aim to help the clients understand the competitive market space better, the reports by Technavio extensively analyze factors such as market size, technological advancements, and the leading vendors in the heavy industry market space.

To understand the competitive engineering tools market space, research analysts at Technavio also follow a triangulated approach of primary and secondary research and assess the demand fluctuations across key geographic regions. This upcoming research report on the global glass fiber foundry filters market also considers the growth of similar markets such as glass processing machinery and thermal treatment air filtration, which are expected to increase at a CAGR of 4% and 5%, respectively, for the forecast period of 2017 to 2021. The rise in the number of buildings, the need for reducing energy consumption to lower operating costs, and the increased need to comply with the energy-efficiency standards set by various governments and organizations are expected to contribute towards the growth of the engineering tools market in the next few years.

The upcoming report on the global glass fiber foundry filters market also covers emerging trends, key drivers, market potential, and opportunities and challenges faced by the industry. Apart from the engineering tools market, this report also derives data and insights from construction and test and measurement sectors.